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Investment Canada Act
Overview
The Investment Canada Act has been in force since 1985.
Recognizing the benefits that flow from international direct investment, the legislation reflects Canada's policy of welcoming international investment, and indeed of attracting quality investment to all regions of Canada.
At the same time, for greater assurance of benefits to Canada at the individual transaction level, the Act contains provisions for the review of acquisitions of control of significant Canadian businesses by international investors. The Act also authorizes the review of the establishment of new business enterprises in the cultural industries.
Source: Industry Canada (10/2007)
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